{"id":203913,"date":"2026-04-20T22:22:53","date_gmt":"2026-04-20T22:22:53","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/203913\/"},"modified":"2026-04-20T22:22:53","modified_gmt":"2026-04-20T22:22:53","slug":"spear-street-capital-acquires-office-property-at-74-eighth-avenue-for-51m-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/203913\/","title":{"rendered":"Spear Street Capital Acquires Office Property at 74 Eighth Avenue for $51M \u2013 Commercial Observer"},"content":{"rendered":"

Spear Street Capital<\/a>, an operator of office properties in the U.S., Canada and Europe, has purchased a 10-story office building in Manhattan\u2019s West Village for $50.5 million, property records made public Friday show<\/a>.<\/p>\n

San Francisco-based Spear Street, using the entity 76 8th Avenue Owner, bought the office property at 74 Eighth Avenue \u2014 also known as 74-76 Eighth Avenue \u2014 from New York-based investment firm G4 Capital Partners<\/a>, which used the entity 76 8th Ave, according to records.<\/p>\n

SEE ALSO: Blue Owl Capital to Acquire Health Care REIT Sila Realty Trust in $2.4B Deal<\/a><\/p>\n

Spear Street CEO John Grassi signed the deal for the buyer, while Jason Behfarin, a co-founder and co-managing partner at G4 Capital, signed for the seller, records show.<\/p>\n

The office property on the corner of Eighth Avenue and West 14th Street was recently completed in 2023 by developers Sang Lee, Noviprop<\/a> and Plus Development<\/a>, New York YIMBY reported<\/a>. The building was designed by Gene Kaufman Architect and contains 30,000 square feet of office space and ground-floor retail space. Wells Fargo Bank is currently in the property\u2019s retail area.<\/p>\n

The building was last sold by Chun Woo Realty in 2019 for $18 million, according to property records.\u00a0\u00a0\u00a0<\/p>\n

Spokespeople for Spear Street Capital and G4 Capital Partners did not immediately respond to Commercial Observer\u2019s requests for comment.\u00a0<\/p>\n

News of the new deal comes after Manhattan saw its strongest quarter of property sales<\/a> since 2021 during the first quarter of 2026, according to research from Avison Young. The office market captured most of that capital in the first quarter, with $1.8 billion in total dollar volume across 22 sales.<\/p>\n

Other recent office property deals in Manhattan included 4 West 43rd Street near Bryant Park, which sold for $51 million<\/a> last week; 250 West 57th Street, which is soon selling for $280 million<\/a>; and 555-557 Broadway, which sold<\/a> for $386 million in December.\u00a0<\/p>\n

Amanda Schiavo can be reached at aschiavo@commercialobserver.com<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"Spear Street Capital, an operator of office properties in the U.S., Canada and Europe, has purchased a 10-story…\n","protected":false},"author":2,"featured_media":203914,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[80664,80665,80666,98,100,99,2664,80667,80668,9,24,63],"class_list":{"0":"post-203913","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-brooklyn","8":"tag-74-eighth-avenue","9":"tag-74-76-eighth-avenue","10":"tag-76-eighth-avenue","11":"tag-brooklyn","12":"tag-brooklyn-headlines","13":"tag-brooklyn-news","14":"tag-investments-sales","15":"tag-jason-behfarin","16":"tag-john-grassi-channel","17":"tag-new-york","18":"tag-new-york-city","19":"tag-nyc"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/203913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=203913"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/203913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/203914"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=203913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=203913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=203913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}